Master Data Management
As a comprehensive method of enabling an enterprise, Master data management (MDM) links all of its critical data to one file, called a master file, which provides a common point of reference. When properly done, MDM streamlines data sharing among personnel and departments. In addition, MDM can facilitate computing in multiple system architectures, platforms and applications. The benefits of the MDM paradigm increase as the number and diversity of organizational departments, worker roles and computing applications expand.
Having the right information easily accessible significantly improves workforce efficiency and business operations. Particularly in maintenance and other heavy industries, having accurate Asset Master Data documentation is absolutely fundamental. To efficiently manage large quantities of physical assets across an enterprise, asset information must be properly integrated, validated, categorised and stored in a central location.
Materials Management is a basic function of the business that adds value directly to the product itself. Materials Management embraces all activities concerned with materials except those directly concerned with designing or manufacturing the product.
Like material masters, service masters have grown in size over the years without proper control and governance. Our service master solutions are long term and follow consistent processes.
The vendor master database contains information about the vendors that supply an enterprise.